Promise Technology Financials
| 3057 Stock | TWD 12.15 0.05 0.41% |
Promise |
Understanding current and past Promise Technology Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Promise Technology's financial statements are interrelated, with each one affecting the others. For example, an increase in Promise Technology's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Promise Technology's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Promise Technology. Check Promise Technology's Beneish M Score to see the likelihood of Promise Technology's management manipulating its earnings.
Promise Technology Stock Summary
Promise Technology competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. PROMISE Technology, Inc. develops storage solutions for the data center, surveillance, cloud, and rich media markets worldwide. PROMISE Technology, Inc. was founded in 1988 and is headquartered in Hsinchu, Taiwan. PROMISE TECHNOLOGY is traded on Taiwan Stock Exchange in Taiwan.| Instrument | Taiwan Stock View All |
| Exchange | Taiwan Stock Exchange |
| ISIN | TW0003057006 |
| Business Address | 30 Industry East |
| Sector | Technology Hardware, Storage & Peripherals |
| Industry | Information Technology |
| Benchmark | Dow Jones Industrial |
| Website | www.promise.com |
| Phone | 886 3 578 2395 |
| Currency | TWD - New Taiwan Dollar |
You should never invest in Promise Technology without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Promise Stock, because this is throwing your money away. Analyzing the key information contained in Promise Technology's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Promise Technology Key Financial Ratios
There are many critical financial ratios that Promise Technology's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Promise Technology reports annually and quarterly.| Return On Equity | 0.0369 | |||
| Return On Asset | -1.0E-4 | |||
| Target Price | 12.8 | |||
| Number Of Employees | 15 | |||
| Beta | 1.17 |
Promise Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Promise Technology's current stock value. Our valuation model uses many indicators to compare Promise Technology value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Promise Technology competition to find correlations between indicators driving Promise Technology's intrinsic value. More Info.Promise Technology is rated fourth in return on equity category among its peers. It also is rated fourth in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Promise Technology's earnings, one of the primary drivers of an investment's value.Promise Technology Systematic Risk
Promise Technology's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Promise Technology volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Promise Technology correlated with the market. If Beta is less than 0 Promise Technology generally moves in the opposite direction as compared to the market. If Promise Technology Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Promise Technology is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Promise Technology is generally in the same direction as the market. If Beta > 1 Promise Technology moves generally in the same direction as, but more than the movement of the benchmark.
Promise Technology Thematic Clasifications
Promise Technology is part of several thematic ideas from IT to Computers. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasPromise Technology November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Promise Technology help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Promise Technology. We use our internally-developed statistical techniques to arrive at the intrinsic value of Promise Technology based on widely used predictive technical indicators. In general, we focus on analyzing Promise Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Promise Technology's daily price indicators and compare them against related drivers.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.55 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.02 |
Additional Tools for Promise Stock Analysis
When running Promise Technology's price analysis, check to measure Promise Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Promise Technology is operating at the current time. Most of Promise Technology's value examination focuses on studying past and present price action to predict the probability of Promise Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Promise Technology's price. Additionally, you may evaluate how the addition of Promise Technology to your portfolios can decrease your overall portfolio volatility.